Stocks to Watch: Eicher Motors, Zomato, and others

By siliconindia  |  Friday, 11 November 2022, 09:19:31 AM IST

Stocks to Watch: Eicher Motors, Zomato, and others

Here are stocks in focus:

Eicher Motors: The automaker reported its highest-ever quarterly sales and profits. For the quarter ended September FY23, it reported a staggering 76% year-over-year increase in profit at Rs 657 crore, supported by strong operating as well as top line performance. Comparing the current quarter to the same period last year, revenue from operations climbed by 56.4% to Rs 3,519 crore and EBITDA by 75% to Rs 821.4 crore. Margin increased from 20.9% to 23.3% over the same time period. The top line and bottom line broadly met analyst expectations, but operating performance fell short. In the September FY23 quarter, Royal Enfield sold 2.03 lakh motorcycles, an increase of 64.7% year over year.

Zomato: The food delivery giant posted net loss at Rs 251 crore for the quarter ended September FY23, narrowing sharply from loss of Rs 430 crore in same period last year with strong top line and improving operating performance. Revenue from operations for the quarter at Rs 1,661 crore increased by 62% over a year-ago period, and EBITDA loss narrowed to Rs 311 crore from loss of Rs 536 crore in the same period. Hence, the quarterly earnings included ~50 days of Blinkit financials.

Apollo Hospitals Enterprises: The healthcare services provider reported a 20% year-on-year decline in profit at Rs 212.8 crore for the quarter ended September FY23 impacted by weak operating performance, and higher purchases of stock-in-trade. Revenue from operations grew by 14.4% to Rs 4,251 crore compared to year-ago period. EBITDA for the quarter at Rs 565.4 crore declined by 8 percent and margin fell by 330 bps YoY to 13.3% for the September FY23 quarter.

Suzlon Energy: The renewable energy solutions provider has recorded consolidated profit at Rs 57.4 crore for September FY23 quarter, against loss of Rs 10.6 crore in same period last year, led by tax write-back. Revenue from operations for the quarter increased by 6.1% to Rs 1,437.8 crore YoY.

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